O L 1 Normal 1 No Spac. Heading 1 Heading 2 Subtitle Sable L Style 1. By December 31, 2022, the Cannon Corporation's financial management had made a calculation of eamings before tees of $134,000 Cannon also had the following vous transactions and circumstances daing 2022 Cannon camed rest of $7,000 on les-exempt bond investments On November 30, 2021, Cannon made a charitable contribution of $20,000, but the tax laws pomited a deduction for only one-half that amount. However, the romander of the contribution was cared forward and may be deducted in 2022 On May 1, 2022, Cannon sold a building on which it had a depreciated cost basis of 500,000) for $52,000 inc On January 2, 2022, Cannon purchased 100% of the capital stock of Shell Electrones Co for $300-000, at a time when the market value of Shelf's stock was $285,000 The tax authorities pomit amortization of goodwill over a period of 15 yours. The management of Cannon found no impairment of value in its investment inShell in 2022 Cannon's total expense for import duties in 2022 was $15,200 The company will be permitted one-half that amount as a deduction in 2022, but with no carry forward of the difference to future yours On September 10, 2022, Cannon was noted that the courts had died that a $20,000 marketing expense payment made by Cannon during 2022 to the vice president of the country of Concha wenegal under the requirements of the US Foreign Comet Practices Act On October 31, 2022 Cannon wan wed of a court decion that a smar marketing payment, tx $18.00, that Carion had made in 2019 to a company in Grand Wachows win a g For 2022, accurated co Cannon's property plant and qupment Depciation pensa for the year, determined using GMP. Cannon 2022 Caron pads competion pads was $21.006 and reple $36,000 was allowed for tax purposes on pose for its products at $37,000 During contacions to reparts products. The wood on products under warranty the pars cost $4,000 P ( L ] 44 Cloudy backspace enter home end num lock 7 home 4 Select Edeng